SPI Primary Cycles
My view is that the Australian Market will try and move lower in the early part of 2016 until it reaches those 2016 lows.
However, as noted in the previous report, the rest of the year it could move into a sideways pattern.
Long term bias is down.
Keep an eye on the 2016 50% level as a trend guide/resistance zone in early 2016.
Note:- no signs of Weakness appearing in US markets (Read S&P 500 Report)
